Ex-BP employee settles SEC insider-trading case

A former 20-year veteran of BP will pay a civil penalty to settle civil charges alleging he used non-public information during the 2010 Deepwater Horizon oil spill to commit insider-trading, U.S. regulators said on Thursday.

The Securities and Exchange Commission said Keith A. Seilhan, who coordinated the company's cleanup efforts, will settle the case without admitting or denying the charges.